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Warner Bros. Signs Drake's OVO Label

Drake can now join the ranks of a record label executive, as Warner Bros. inked a deal with his OVO (October's Very Own) label. A source at the label confirmed the news with Billboard.

Hits Daily Double first reported the news as a rumor, and added that new music from the label, which will be headed by Drake and his producer Noah "40" Shebib, can be expected in 2013. The entity is separate from YMCMB, where Drake is signed as a solo artist.

Before inking his deal with Warner Bros., Drake hosted the first OVO Fest in 2010, and released music from the label on its official website.

More information about Drake's deal will be released later on December 5th.